what is Inc 20a

In practice, a Cost Accountant or a Chartered Accountant should verify the information on Form 20A filed by company directors upon initiation of the business. An Introduction In accordance with the Companies (Amendment) Ordinance 2018, all companies incorporated on or after 2 November 2018 are required to file a certificate of commencement of business. It is one of the most important compliances to follow because the penalties for non-filing are extremely high. Form 20A is a declaration filed by the directors within 180 days of the company’s incorporation date. Those companies that do not have to file Form 20A ┬áINC […]